Axis Capital

Sebi relaxes prior order of ban on Axis Capital managing debt securities

Securities and Exchange Board of India, in an interim September order, had banned Axis Capital from acting as a banker for new debt issues, alleging violation of rules

Sebi order on Axis Capital: Axis Bank says complied with regulatory norms

Bank's arm was restrained by Sebi from taking new assignment as merchant banker in debt segment

Axis Capital to explore legal remedies against Sebi's ban on debt segment

Axis Capital on Friday said it is exploring legal remedies against markets regulator Sebi's order restraining the firm from taking up new assignments as a merchant banker for the debt segment. In a statement, the company clarified that Sebi has not imposed any other restrictions on Axis Capital and it will continue to operate all other business activities in the ordinary course in equity capital markets, infrastructure investment trusts (InvITs), real estate investment trust (REITs), M&A, private equity and institutional equities domain. On Thursday, the Securities and Exchange Board of India (Sebi), in an interim ruling, prohibited Axis Capital from taking up any new assignments in the capacity of a merchant banker, arranger or underwriter for any issue or offer for sale of securities in the debt segment. This restriction will remain in place until further orders. "ACL (Axis Capital Ltd) provided guarantee/indemnity towards redemption of NCDs (non-convertible debentures) in the ..

Sebi bars Axis Capital from acting as merchant banker in debt segment

Investment bank provided guarantee towards redemption of NCDs in the guise of underwriting, says the regulator

Alphabet-backed NBFC Aye Finance to launch Rs 2k cr IPO in a year: Report

Focused on small and medium enterprises, Aye Finance has roped in four arrangers for its upcoming IPO

Cost of capital to slide as demand for bonds to exceed supply: Axis Capital

At present, the spread between the 10-year benchmark bond yield and similar tenor state debt yield is around 31-35 basis points

Current valuations offer no safety net for negative surprises: Axis AMC CIO

Maintaining the current capex pace as a percentage of GDP would be a favourable outcome, said Ashish Gupta

Rs 740-cr IPO of ixigo parent Le Travenues Technology subscribed 98.1 times

The initial public offer of Le Travenues Technology, which operates travel booking platform ixigo, got subscribed 98.10 times on the closing day of subscription on Wednesday. The Rs 740-crore initial share sale received bids for 4,29,36,34,618 shares against 4,37,69,494 shares on offer, as per NSE data. The quota for non-institutional investors fetched 110.25 times subscription while the portion for Qualified Institutional Buyers (QIBs) got subscribed 106.73 times. The category for Retail Individual Investors (RIIs) received 53.95 times subscription. The initial public offering (IPO) of Le Travenues Technology got subscribed 1.95 times on the first day of subscription on Monday. The IPO has a fresh issue of up to Rs 120 crore and an offer for sale (OFS) of up to 6,66,77,674 equity shares. Proceeds worth Rs 45 crore from the fresh issue will be used to fund the company's working capital requirements and Rs 26 crore will be utilised for investments in technology as well as data scie

Veteran dealmaker Atul Mehra joins Axis Capital as managing director & CEO

Atul Mehra is a veteran dealmaker with over three decades of experience and was the joint MD at JM Financial

JM Financial appoints Axis Capital's Chirag Negandhi as managing director

Homegrown JM Financial's ranking has risen this year in the league tables for ECM activity amid rising deals in the small and midcap space

Agilus Diagnostics files for IPO to raise funds via 142.3 mn shares

The diagnostics giant partners with ICICI Securities, Axis Capital, and Citigroup for public offering, aiming to sell equity shares held by key investors

Axis Bank likely to issue Rs 12,000 cr of tier-2 bonds amid credit growth

Banks have since November issued more tier-2 bonds than AT-1 bonds for the entire year

Axis Bank launches 7th edition of knowledge summit 'Evolve' for MSMEs

The current edition is focused on the broader theme of 'Indian SMEs: Shifting Gears for Next Level Growth'

TMB sets price band of Rs 500-525 a share: IPO to open on September 5

Offer consists of fresh issue of 15.8 mn equity shares; bank is expected to raise Rs 832 crore at the upper end of the band; stock will start trading on Sept 15

ICICI Sec, Axis Cap among 5 bankers to manage govt's HZL stake sale

Also, HDFC Bank and IIFL Securities will act as investment bankers and work with the government and handle the share sale offers, the official said

Sebi clears decks for IPO of 100-year-old lender Tamilnad Mercantile Bank

It's a fresh issue-cum-OFS; Axis Capital, Motilal Oswal Investment Advisors and SBI Capital Markets are book running lead managers

Course5 Intelligence files documents with Sebi to raise Rs 600 cr via IPO

The IPO comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an Offer For Sale of equity shares aggregating up to Rs 300 cr.

CMS Info Systems files draft papers with Sebi to garner Rs 2,000-cr via IPO

The company's initial public offer (IPO) is a pure offer for sale by promoter Sion Investment Holdings Pte Limited, as per the DRHP

Anil Agarwal's Sterlite Power Transmission hires two banks for IPO

The IPO will mainly consist of new shares, and more bankers may be added as plans progress

Axis entities get Irdai approval to acquire stake in Max Life Insurance

Axis Entities will have the right to acquire another 7 per cent in the life insurance company, in or more tranches